Pandemic-related FAQs for health care entities

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Pandemic-related FAQs for health care entities

The coronavirus pandemic has created a great deal of uncertainty for health care entity financial statement preparers and their auditors.

Paycheck Protection Program (PPP) funds and other forms of government assistance have provided both a lifeline and a source of strategic, operational, accounting, and other questions unlike anything these entities have encountered.

Meanwhile, many of these entities are seeking answers to these questions while working frantically to help a large number of patients survive COVID-19, which is the disease caused by the novel coronavirus.

With assistance from a group of health care experts formed by the AICPA, an FAQ document has been developed to assist financial statement preparers and audit practitioners as they work through some of the challenges they are encountering amid the pandemic.

The FAQs, which are dated as of Aug. 3, provide information on the following topics:

Ken Tysiac (Kenneth.Tysiac@aicpa-cima.com) is the JofA’s editorial director.

Research & References of Pandemic-related FAQs for health care entities|A&C Accounting And Tax Services
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